Metso Outotec to start next phase in development of its Metals business
Published by Jessica Casey,
Editor
Global Mining Review,
Metso Outotec will take the next structural development steps in its business portfolio, following the completed integration of its Minerals business and the successful turnaround of its Metals business. The company plans to change its business area structure and related reporting segments by transferring the Hydrometallurgy business from Metals to Minerals. The objective of the change is to accelerate Metso Outotec’s profitable growth in the minerals processing industry by more efficiently leveraging the opportunities and synergies in the minerals and hydrometallurgical processes.
Having Hydrometallurgy as part of the Minerals business will enable enhanced customer service with a competitive and fully integrated Planet Positive product offering, as well as closer integration with the customers’ processes through digitalisation. Going forward, gold and battery chemicals businesses are among the interesting new synergistic growth areas.
A strategic review will be conducted in the remaining Metals business area, consisting of the Smelting, Metals and Chemical Processing and the Ferrous and Heat Transfer business lines, as well as related aftermarket services. The review will focus on evaluating the best environment for developing the Metals business and its strategic fit in Metso Outotec’s business portfolio. All potential options will be considered, including development by Metso Outotec, co-development with a partner, or divestment. The review has no impact on Metals’ daily business conduct, sales, or project execution, which will continue with full commitment.
Metso Outotec’s financial reporting will be adjusted to reflect the new segment structure as of 1 January 2022. The financial year 2021 will be reported in line with the segment structure used during 2021. The restated segment financials will be provided prior to the 1Q22 reporting.
Read the article online at: https://www.globalminingreview.com/finance-business/19012022/metso-outotec-to-start-next-phase-in-development-of-its-metals-business/
You might also like
Addressing The Battery Market's Elephant In The Room
Priya Sreenivasan and Naphtal Haya, DNV, highlight the importance of clear regulations around transparency in the cobalt supply chain amidst the energy transition.